HOW RISING PRICES FOR RESTAURANTS, CAR REPAIR AND OTHER SERVICES KEPT INFLATION UP LAST MONTH
Photo Credit: Matt Rourke
Held down by sinking gas prices, U.S. inflation was mostly unchanged last month. But underlying price pressures — from apartment rents, restaurant meals, auto insurance and many other services — remained stubbornly high.
Last month’s inflation data arrived just a day before the Federal Reserve will end a two-day policy meeting and announce its latest decisions on interest rates. The Fed is expected on Wednesday to keep its key rate unchanged for the third straight time.